olliecoughland

The volume profile on this chart along with other macro factors suggest we extend to the 1.618 at some point (Probably q4) ~171% There would be potential for price acceptance at these levels aswell and eventual continuation given the fundamentals of this one.. could easily be a multi cycle coin...

Honestly probably marks up very heavily soon... We are entering etf bid war phase of the cycle. Can't even really draw how vertical this chart could go as certain macro economic conditions seem to be brewing... 15k is the predicted target of certain large tradfi firms that are accumulating, bitmine for example. They are basing their targets from the success of the circle internet groups public listing as well as fundamental factors such as JPMorgan and other institutions launching their own stable coins on ethereum... Multiple companies rushing to accumulate 5% of the supply while predictions of a 75bps rate cut from the fed are starting to brew... Supply shock combined with inflationary event aswell as eths successful merge earlier this year are incredibly bullish catalysts and we aren't even at the ath valuations seen last cycle.

Not discounting the potential for a dip into the August montly open... Retesting the trend line break for a second time.. Then we enter etf bid war phase.. multiple companies attempting to emerge as the strategy b of ethereum. Bitmine and sharplink are leading but there's about 10-30 companies starting to accumulate heavily..

I think this is still the best privacy L2 for the ethereum network... Applications and variations of mixers like tornado cash also exist though... In the long term eth thesis a privacy focused l2 makes ALOT of sense for funneling money between black and white markets.. for political reasons or otherwise. Institutions build on eth for its reliability... Its a 20x to aths from here if that is eventually possible again (20k eth would do it.. ) Alts and ecosystem coins at psychological market lows around here when compared with other markets btc gold spx etc so we might be in the maximum opportunity zone though I expect altseason to be highly targeted and selected as retail interest/funds are pretty minimal vs institutions right now.. coins with a long term genuine thesis that institutions will understand easily.. they're slowly coming over to eth and we are seeing massive institutions start building their own projects so og crypto devs with all their tech scrutiny /battle tested code from previous cycles should start coming into the window of relevance as these institutions start becoming more educated on the broader crypto markets long term thesis. Og coins like xmr showing strength along with new tech coins like hype will eventually open the minds of institutions to the broader thesis' Rose could be part of that wave and we are technically seeing a potential deviation double bottom here..DYOR as always.

One of the highest revenue earners in crypto Delta neutral yield gathering stable coin Considered one of the more unique and better attempts at yield bearing stable positions the usde coin generated 20% approximately last year farming funding arbitrage If your looking for somewhere to park stables and earn yield, this token allows for votes on governing the protocol, should see the highs later this year if btc stays bullish and retail starts looking at the market again...

Logscale trendlines have broken down so back to linear scale Last Bullish macro trendline since the 2017 charts at least Covid down wick to the LUNA 3AC/FTX credit crunch wick and and we just tested beneath and bounced a bit Full Blood moon eclipse (which was the LUNA FTX crashes coincidentally) is in 2 days so potential for another crunch type move there... if we loose this trendline, previous bear market targets of the LUNA collapse and then 2017 cycle high is in range The infrastructure built on ETH especially since then has been incredible and I personally cant see the network going to 0 any time soon, that being said the networks function at any price.. Not sure what catastrophic event could cause this complete breakdown, especially given cryptocurrencies fairly widespread adoption from companies to governments... BTC particularly that being said eth is the peoples chain with much greater functionality than BTC and still has much greater decentralization than any other copycat chain, scaling has gone very well so the gas problem isn't really an issue like it was particularly utilizng the L2's only chain that hasnt had downtime since it went offline.. how to accurately value these chains is difficult for the market broadly as they are so new.. only chain ive seen that could threaten eths viability is the new hypercore/hyperevm dual chain given how useful the hypercore is... long term ETH BTC thesis remains valid in my eyes.. If the bullish market structure is to remain in tact, it would have to bounce over the coming months otherwise we may have seen peak valuations for the time being. The main thesis for crypto currencies being that a global reserve currency is impossoble to manage and hyperinflation will continue unchecked until people are forced to adopt something with actual scarcity and the netowrks continueing volatility forces greater decentralization. Mostly i think quantitive easing will continue for now and bullish market structure holds due to this.

Potential diamond bottom forming here? It would mean reclaiming the long term trendline set with the etf rumour news And this whole range would form something like a deviation in the 2000ks This would match the probability of a bottom monthly candle forming here Which is due to dxy falling back into range and usd liquidity injections.. Also would make sense given Israel Palestine and Ukraine Russia wars appear to be somewhat resolving..

Og crypto lacking in the new narrative driven space yet the price hasn't dropped Structurally its a long term multi year pennant looking thing with deviations to the upside The narrative is and always has been digital silver.. If hyperinflation of the usd continues unchecked like it appears to be This should get valued up once long enough term accumulation has taken place like with all market assets Deflationary asset with halving cycles similar to btc and it never really got sold off into a downtrend, it just didn't keep up with btc but nothing did so.. Technical target would be all time highs even the 1.618 of the fib range if we see expansion albeit the narrative in finance right now is all about memecoins and ai but that doesn't change the fundamentals of real crypto assets.. And narratives come and go and end up looking like crazy volatile pump and dumps when alls said and done and its probably worth simply avoiding those..

You won't find this one in any government etf Still one of the strongest fundamental crypto currencies in the space Long term gem The dxy is finally falling due to dollar inflation Strong og cryptos immune to the new narrative cycles should still perform This coin is widely accepted as the dark web coin due to its privacy features Its also deflationary so should hold up against a bearish hyperinflating usd and western capitolism trade wars Initial targets shown if we continue the bull market like we should given nothing that happened in 2008 gfc was ever fixed to any real degree

Last port of call for bullish markets.. Trumponomics tanking stocks and crypto here Many bullish catalysts but the trade tarriff and warmongering sending fear shockwaves through every market rn Openly calling democratically elected leader zelensly a dictator whilst siding with Putin an actual dictator leaving ww3 fears at the top of people's minds... As well as a complete mistrust, talks of insider trading among other things sigh* endorcing complete grift cryptos and ignoring real ones.. In other news north Korean group Lazarus has successfully washed their hacked eth through thorchain Complete volatile chaos here and could be the start of a global recession if we can't regain 2023 levels soon... I'm personally of the opinion that it will reclaim and there will be a crypto reserve for USA but it looks pretty bad today..